Age of Greed: The Triumph of Finance and the Decline of by Jeff Madrick

By Jeff Madrick

A vividly instructed heritage of the way greed bred America’s financial ills during the last 40 years, and of the lads so much chargeable for them.

As Jeff Madrick makes transparent in a story immediately sweeping, fast paced, and incisive, the single-minded pursuit of big own wealth has been at the upward thrust within the usa because the Nineteen Seventies, led by means of a couple of people who have argued that self-interest courses society extra successfully than neighborhood issues. those stewards of yank capitalism have insisted at the important and crucial position of gathered wealth in the course of the booms, busts, and recessions of the final part century, giving upward push to our present woes.

In telling the tales of those politicians, economists, and financiers who declared an ethical conflict for freedom yet as an alternative gave upward thrust to an age of greed, Madrick strains the lineage of a few of our nation’s so much urgent monetary difficulties. He starts with Walter Wriston, head of what could develop into Citicorp, who led the conflict opposed to executive legislation. He examines the tips of economist Milton Friedman, who created the plan for an anti-Rooseveltian the USA; the politically expedient judgements of Richard Nixon that fueled inflation; the philosophy of Alan Greenspan, on whose libertarian ideology a home of playing cards used to be equipped on Wall highway; and the activities of Sandy Weill, who built the biggest bank on the earth, which might have long past bankrupt in 2008 with out a federal bailout of $45 billion. major figures together with Ivan Boesky, Michael Milken, Jack Welch, and Ronald Reagan play key roles as well.

Intense financial inequity and instability is the tale of our age, and Jeff Madrick tells it with sort, readability, and an unerring command of his topic.

Show description

Read or Download Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present PDF

Similar sociology books

Why Is the Penis Shaped Like That?: And Other Reflections on Being Human

Why do testicles cling the best way they do? Is there an adaptive functionality to the feminine orgasm? What does it consider prefer to are looking to kill your self? Does "free will" quite exist? And why is the penis formed like that anyway?

In Why Is the Penis formed Like That? , the examine psychologist and award-winning columnist Jesse Bering beneficial properties greater than thirty of his most well-liked essays from medical American and Slate, in addition to new items, that take readers on a daring and desirable trip via one of the most taboo concerns on the topic of evolution and human habit. Exploring the historical past of cannibalism, the neurology of people that are sexually interested in animals, the evolution of human physique fluids, the technology of homosexuality, and severe questions about existence and loss of life, Bering astutely covers a beneficiant expanse of our kaleidoscope of quirks and origins.

along with his attribute irreverence and trademark cheekiness, Bering leaves no subject unturned or interest unexamined, and he does all of it with an audaciously unique voice. no matter if you're attracted to the mental background in the back of the various aspects of sexual hope or the evolutionary styles that experience dictated our present mystique and phallic body, Why Is the Penis formed Like That? is certain to create energetic dialogue and debate for years yet to come.

The Culture of Narcissism: American Life in an Age of Diminishing Expectations

While The tradition of Narcissism used to be first released, it was once transparent that Christopher Lasch had pointed out whatever very important: what used to be occurring to American society within the wake of the decline of the relations during the last century. The ebook fast turned a bestseller. This version features a new afterword, "The tradition of Narcissism Revisited.

Pandemic: Tracking Contagions, from Cholera to Ebola and Beyond

Scientists agree pathogen is probably going to reason a world pandemic within the close to destiny. yet which one? And how?

Over the prior fifty years, greater than 300 infectious ailments have both newly emerged or reemerged, showing in territories the place they've by no means been visible earlier than. 90 percentage of epidemiologists anticipate that certainly one of them will reason a dangerous pandemic someday within the subsequent generations. it may be Ebola, avian flu, a drug-resistant superbug, or whatever thoroughly new. whereas we can't understand which pathogen will reason the subsequent pandemic, by means of unraveling the tale of the way pathogens have brought on pandemics long ago, we will be able to make predictions in regards to the destiny. In Pandemic: monitoring Contagions, from Cholera to Ebola and past, the prizewinning journalist Sonia Shah—whose e-book on malaria, The Fever, was once referred to as a "tour-de-force history" (The manhattan instances) and "revelatory" (The New Republic)—interweaves background, unique reportage, and private narrative to discover the origins of contagions, drawing parallels among cholera, one in every of history's most dangerous and disruptive pandemic-causing pathogens, and the recent illnesses that stalk humankind today.

To exhibit how a brand new pandemic could improve, Sonia Shah tracks every one degree of cholera's dramatic trip, from its emergence within the South Asian hinterlands as a innocuous microbe to its swift dispersal around the nineteenth-century global, the entire strategy to its most up-to-date beachhead in Haiti. alongside the best way she experiences at the pathogens now following in cholera's footsteps, from the MRSA bacterium that besieges her circle of relatives to the never-before-seen killers popping out of China's rainy markets, the surgical wards of recent Delhi, and the suburban backyards of the East Coast.

By delving into the convoluted technology, unusual politics, and checkered historical past of 1 of the world's deadliest ailments, Pandemic unearths what the subsequent worldwide contagion may perhaps glance like— and what we will be able to do to avoid it.

None Dare Call It Education: What's Happening to Our Schools & Our Children?

The documented account of the way schooling "reforms" are undermining lecturers and conventional values.

Extra info for Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present

Sample text

27 Vgl. Prill, Marc-Andreas (2006): Balanced-Scorecard-Gestaltung für Krankenhäuser. ): Balanced-Scorecard-Gestaltung für Krankenhäuser. Melsungen (Bibliomed ), S. 68–71, bes. S. 70 f.. 28 Ziele allgemein sind Aussagen über angestrebte bzw. ; vgl. Wöhe, Günter/Döring, Ulrich (2002): Einführung in die allgemeine Betriebswirtschaftslehre. 21. , München (Vahlen), S. 96 ff.. 29 Vgl. Prill (2006). Zur Diskussion des Zielsystems von Krankenhäusern vgl. z. B. ) (2000): Krankenhausmanagement. München/Jena (Urban & Fischer).

Werteorientierte Ziele, wie sie sich beispielsweise aus dem Versorgungsauftrag oder dem Leitbild des Trägers ergeben, und andererseits finanzorientierte Liquiditäts- und Erfolgsziele, die beispielsweise zur Auswahl der besten Alternative aus einem Bündel sachzielgerechter Handlungsoptionen herangezogen werden können29 . h. für sie stehen Sachziele eindeutig im Vordergrund. Im Gegensatz dazu wird für private Träger unterstellt, dass das Formalziel der Gewinnmaximierung primäres Oberziel ist. Private Klinikbetreiber werden somit »normalen« Unternehmen der Privatwirtschaft gleichgestellt.

So haben die Daten der Statistischen Ämter des Bundes und der Länder den Nachteil, dass sie den Casemix nicht erfassen, der als erklärende Größe von Bedeutung sein kann69. 6. Ausblick In diesem Beitrag sollten die unterschiedlichen Träger- und Rechtsformen von Krankenhäusern dargestellt werden sowie die Möglichkeiten der öffentlichen Krankenhäuser auf der Ebene der Organisationsformen, dem zunehmenden wirtschaftlichen Druck standzuhalten. Auch wurde versucht, Kriterien für einen Vergleich der Träger- und Rechtsformen zu entwickeln und das vorhandene neuere Daten- und Studienmaterial nach diesen Kriterien zu ordnen.

Download PDF sample

Rated 4.92 of 5 – based on 9 votes